Housing Inventory Falls Housing shortages abound in markets across the country and that could set home shoppers up for a challenging spring. The nation’s housing supply saw the steepest year-over-year decrease in January in more than four years, dropping 13.6% annually, realtor.com® reports. The supply for homes for sale is now at its lowest level …
Tag: News
Feb 10
Gas Stoves Are Coming Under Fire In Housing Markets
Gas Stoves Are Coming Under Fire In Housing Markets The gas stove is increasingly coming under attack by some cities who are seeking more ways to fight climate change. A rising number of municipalities want to eliminate natural gas lines from homes and move solely to electricity. That would include swapping out popular appliances that run …
Feb 07
Co-Living Trend on the upswing
Co-Living Trend on the upswing Co-living is breaking out from being a niche real estate fad and becoming more mainstream, CNBC reports. The practice is serving as a way to get young adults out of their parents’ house and branch out on their own. “Many of us thought that during the recovery, as the job market …
Feb 07
Interest Rates Can Price Some Buyers In, Out
Interest Rates Can Price Some Buyers In, Out Low mortgage rates can be a cost-savings boon to home buyers. But even the slightest difference in rates can price some out. The National Association of Home Builders, on its Eye on Housing blog, offers various scenarios of the price differences in affordability with interest rates. For …
Feb 04
Is it time you had a mortgage checkup?
Is it time you had a mortgage checkup? Find out if your mortgage is contributing to your financial health. See Below for more info on if it’s time for you to have a check-up or not. Is it time you had a mortgage checkup? Find out if your mortgage is contributing to your financial health …
Feb 04
Land Sales Rise
Land Sales Rise Land sales and prices both rose across property types last year, and an uptick is likely to continue into 2020, if at a somewhat slower pace, according to the 2019 Land Market Survey, a joint survey from the REALTORS® Land Institute and the National Association of REALTORS®. The study acknowledges headwinds, with …
Feb 03
Homeownership Rate Climbs
Homeownership Rate Climbs Americans are facing challenges to homeownership, particularly with shrinking inventories of homes for sale, yet somehow more are still finding their way to becoming homeowners. The homeownership rate rose to its highest level in six years during the fourth quarter of 2019, a newly released report from the U.S. Census Bureau shows. …
Jan 31
Ways to Revive a Lingering Listing
Ways to Revive a Lingering Listing You have a home that just won’t sell. Is the listing starting to look stale? Real estate pros recently shared with Forbes.com what they do when they get a listing that has started to overstay its time on the MLS. How do you revive it to renew buyers’ interest? …
Jan 30
Winter House Showings
Winter House Showings Selling a home in the winter can pose some challenges. Lawns aren’t as green and tidy, and the chilly weather can make it more of a trek for buyers to view homes for sale. HomeLight, a real estate referral company, surveyed 500 real estate professionals in the fourth quarter of 2019 …
Jan 29
Buy now or wait a year?
Buy now or wait a year? Are you a millennial watching your friends and family thrive on the real estate market, and wondering if now is the right time for you to do the same? Today’s rates are historically low, bit real estate market researchers expect rates to increase by this time next year. See …
Jan 28
Affordability in Multifamily Homes
Affordability in Multifamily Homes In expensive housing markets where inventories are tight, some buyers are finding it more affordable to invest in a multifamily property rather than purchase a single-family home, The Washington Post reports. The buyers can live in one of the units in the building while renting out the others to defray some …
Jan 27
FICO Scoring Could Impact Buyers
FICO Scoring Could Impact Buyers The way FICO scores are calculated is changing this summer, and the move could make it tougher for some Americans to get approved for a mortgage, The Wall Street Journal reports. Fair Isaac Corporation, more commonly known as FICO, will soon start more harshly penalizing the scores of consumers who …
